Now it's a bit like, bulls are obviously out of ammunition, but bears are so scared that they haven't made a move.

The way I see it is that only the bears are truly out of ammunition. Bulls are only temporarily out of ammunition. We have seen a massive rise but still we have not seen even the smallest dip in the beginning of the weekend. I see that as very bullish.

I have talked to a few investor types recently, those that like Bitcoin but are not fanatics like me, and many of them think we are currently in a good buying position. In fact I see further increasing of positions from current investors and new investors next week.

Unless the market suddenly turns super bearish and starts to panic, which I think is unlikely absent very bad news, we will likely see further upside next week. There is still room to go up, I think.

That's exactly what I meant, bears could not even push for inches when bull were supposedly(proven wrong) out of ammunition temporarily.

Now it's a bit like, bulls are obviously out of ammunition, but bears are so scared that they haven't made a move.

The way I see it is that only the bears are truly out of ammunition. Bulls are only temporarily out of ammunition. We have seen a massive rise but still we have not seen even the smallest dip in the beginning of the weekend. I see that as very bullish.

I have talked to a few investor types recently, those that like Bitcoin but are not fanatics like me, and many of them think we are currently in a good buying position. In fact I see further increasing of positions from current investors and new investors next week.

Unless the market suddenly turns super bearish and starts to panic, which I think is unlikely absent very bad news, we will likely see further upside next week. There is still room to go up, I think.

That's exactly what I meant, bears could not even push for inches when bull were supposedly(proven wrong) out of ammunition temporarily.

Bears are fighting with limited ammunition, bulls have factorys making more and more ammunition everyday

Now it's a bit like, bulls are obviously out of ammunition, but bears are so scared that they haven't made a move.

The way I see it is that only the bears are truly out of ammunition. Bulls are only temporarily out of ammunition. We have seen a massive rise but still we have not seen even the smallest dip in the beginning of the weekend. I see that as very bullish.

I have talked to a few investor types recently, those that like Bitcoin but are not fanatics like me, and many of them think we are currently in a good buying position. In fact I see further increasing of positions from current investors and new investors next week.

Unless the market suddenly turns super bearish and starts to panic, which I think is unlikely absent very bad news, we will likely see further upside next week. There is still room to go up, I think.

That's exactly what I meant, bears could not even push for inches when bull were supposedly(proven wrong) out of ammunition temporarily.

Bears are fighting with limited ammunition, bulls have factorys making more and more ammunition everyday

For bitcoin, I'm afraid. I just think that odds are this is the result of a pump and dump effort, and we're still in the pump phase. I'm just mentally preparing for the whole project to get set back another couple years.

For bitcoin, I'm afraid. I just think that odds are this is the result of a pump and dump effort, and we're still in the pump phase. I'm just mentally preparing for the whole project to get set back another couple years.

OK but why should you care since you have proclaimed its death more than a year ago?

For bitcoin, I'm afraid. I just think that odds are this is the result of a pump and dump effort, and we're still in the pump phase. I'm just mentally preparing for the whole project to get set back another couple years.

I don't agree. Prepare for everyone and their grandmothers buying bitcoin. I have argued in other threads that this ride is substantial. There will be setbacks in the price for sure (I think -30% is possible after the hype cools down, maybe even -50% (something like $32 -> $75 -> $40)), but not in adoption. Bitcoin is useful and it's being discovered by more and more people who are not cryptonerds / weedheads.

Most of bitcoins value still stems from it's function as a store of wealth and I think it will remain so until bitcoin has reached "world payment system" status (quite a ways to go). There's nothing wrong with that.

For bitcoin, I'm afraid. I just think that odds are this is the result of a pump and dump effort, and we're still in the pump phase. I'm just mentally preparing for the whole project to get set back another couple years.

I don't agree. Prepare for everyone and their grandmothers buying bitcoin. I have argued in other threads that this ride is substantial. There will be setbacks in the price for sure (I think -30% is possible after the hype cools down, maybe even -50% (something like $32 -> $75 -> $40)), but not in adoption. Bitcoin is useful and it's being discovered by more and more people who are not cryptonerds / weedheads.

Most of bitcoins value still stems from it's function as a store of wealth and I think it will remain so until bitcoin has reached "world payment system" status (quite a ways to go). There's nothing wrong with that.

But go ahead, proudhon, try to catch that rocket

That's an encouraging thought, I'll give you that. It just seems to me that bitcoin is too tempting a market for biggish market participants not to thrash around, and I just worry that all that thrashing around will wear people out. But, maybe I've lost sight of bitcoin's appeal.